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An announcement from Savannah Resources ( (GB:SAV) ) is now available.
Savannah Resources announced a favorable legal ruling from the Administrative and Tax Court of Mirandela, which dismissed a case brought by the Parish Council of Covas do Barroso. The case sought to annul the 2016 Barroso Mine Concession Agreement. This marks the eighth consecutive positive legal outcome for Savannah, reinforcing the project’s legal framework. Despite ongoing legal challenges, none are expected to impact the project’s progress significantly. The company remains committed to advancing the project with diligence and legal compliance, bolstering confidence among stakeholders.
The most recent analyst rating on (GB:SAV) stock is a Buy with a £8.00 price target. To see the full list of analyst forecasts on Savannah Resources stock, see the GB:SAV Stock Forecast page.
More about Savannah Resources
Savannah Resources Plc is a company focused on the development of the Barroso Lithium Project in Portugal, which is recognized as a ‘Strategic Project’ under the European Critical Raw Materials Act. The project is noted for being Europe’s largest spodumene lithium deposit.
Average Trading Volume: 2,468,245
Technical Sentiment Signal: Buy
Current Market Cap: £95.84M
See more data about SAV stock on TipRanks’ Stock Analysis page.